Negotiable instrument.



H. A. ANDERSON.

' NEGOTIABLE INSTRUMENT Annunci nu un. zo. nos.

U m. H N

BEST AVAILABLE COPY UNITED STATES 'PATENT ormoni-ff *1:

` .nmlin .ginninsonjorcmnfrsnune; Wisconsin. 1.5.2??

ms'rnuuzsn'r." I ...fijn nessi-,246. e spei'asn'iinoflnmeri'raeenc., n'.'rateneed mg. 17, i909. Munition sied seguinte: asians.assalito.estavv I f .To all 'whom 'itvmyromms l i the date that' it cannot possiblybe'llliaiig'edl l f t Be it known that-L'HJ-ALMAB A.Nnnnprovide aty ay suitable point upon th'c instrusoN, a citizen oftheUnited States, residin ment a blank space 9 containing three or' atGrantsburg,in-thecounty ovfBurnett more vertical co1nmns-,10,.,1l 12.'These 5 5. State of lVisconsin, have invented? columns-are intcrse'ctedby ,horizontal lines new and useful Im 'rovements' in Negotiable.'wlxich divide them into spaesand thespaces v Instruments, o f -w ichthe 'followinghds a; ofthe irstjcdnmncontain the-.names of tlhspecification, 'reference' being 'to t e actwelve of the yea orabbreviations com anymg drawings." e. kof siichai'a'ihesas'shown. Thespaces of the cs T is invention re ates to improvements in one or'morecolumns 1 1 contain the'numbers y -.blan'l s for .negotiable instrumentsandi more from l. toBl 'to represent the different days `particularly toan interest bearing, ncgoti of a month and the spaces of the last columnable certificate of deposit.` f' 12 contain numbers representing aserieslof i' The object of theinvcntion is to proy succeeding years.'Said ,columns10, 111'2 7.o vide a blank of this character which may beare 'suitably design-.ated at' their upper endsl w 4 readily filled. ontby the issuing bank for any and innnied'uitely` abeve'them at the top ofthe v i l 'snm within certain limits, thereby dispensing space 9.is' theword Datev which .calls a t. with-the necessity of th'ebank having aplu` tention to said space. When the instrul l .ralityot'v forms fordifferent amounts, which mentis issued one of the spaces in each of -75`will have its date andainoniit so marked'that the columns 10,11', 12 ispunched or other- Aj it .wur be impossible' for the same to beivise'markcd 'so that no change lcan be made changed .aild which willcontain. an interest in such marking. As illustrated, said spaces 'tableshowing the amount ofintcrest accrued 111'@ punched, aS DdClted 11i '13-"By Punch- .at dilfcrent lates during the life ofthe ining said spaces,it will'beinipossible for any so 'strnmcnt. z one to alter .th.date'ofthe instrument with- ;l

Y 'lheabi'ivc and other objects' of the. invcnout suchl alteration beingapparent. tion are attained vin its' preferred cmbodi- The C-ICUGlSO-CODUIUS im, interest- 'ment' illustrated in the accompanyingdrayvtable 14 and information relative to the rate' 'jing which showsthe 'improved negotiable 'of interest, the method oi computingv the-a5A30 certificate of deposit bearing interest at the saine and the len h'ofthe'life of the Icerrate of 4% computed semi-annually. Y tii c ate.In'tihe ustratdn, thera ofing 1n the drawings L denotes the body of theterest givenisfw'c' per annum but .it will Abe certificate which, inpractice, is a blank form, understood that the vrate may .be any amountv having a space 2 to receive the name-of the eithersim'ple or compoundinterest.- It nill 90 p obligor which in the illustration isa fictitiousalsojbe'understood that the interest bearing tiankg-` It also hhas a:suitably-designated lite'of the certificate may be for. alonger space- 3to receive the .name of the deposito.l or shorter period than iv'e'yearsas in the. V and also-a suitablydesignated s aceft to reillustration andthat the interest Amay ,be cive. the' name of the'payee, sais s aces3,4, computed zua'rterly or otherwise'instead of 95 40'in theillustration bein filled in wit ithe fietisemi-annua ly as' in--theillustration. The v tions *frameset John' oe and Richard Roe. interesttable 14 is arranged in'a rectangular 'It further has a,' suitablydesignated' blank space suitably located upon the body of the,'space5toreoeirhesignatnre ofthe cashier lcertificate and itpreterablyconsists of a or other. oicerloff'tliebank issuing thecert-itable which willI show the amount ofl Vinl loo. '45, catmr. -f "f1 -terest accrued on dilerent surfl at the e'x;v -J ,Gand-'s' enote two'blank spacestoreceive piration of different periods ottime, it be# theamount'offthe principal of theobliga ingso desi atea Table showing-due"tion, which amont in' the illustration is ',datesand amountointerestaccrued at the Y $156.00 andis written ont in'words in thevdifferent duedatesf, .or *words oxsi-milar' 105 space Gand written infigures or numerals import; .Said .tangnlu" space is iii-the space 7.A--suitablydesign-ated space vertically and horizontally into verticalcol- Y l 8 is also providedxto'receivenn identifying umns and horizontalrows of spaces. The

legend such. :is-'fa numeral, the sante being spaces 'of the nppeirow15y contains nn' the arbitrary number 'T68v in the illustration. moralsrepresenting different snmsof money 110 5 .Inforder to permit` thelcertificate to be troni $1.00 upward, each of said spaccshcac given anydesired date, 'and to'so designate ing oneof the verticalv flumns in thespaces v -amount of accrued interest at the expiration of which arenumbers representing the amount. of interest accrued at the expirationof diterent periods of time representedby numbers in the first verticalcolumn 16 at the left of the table. In the illustration, the first timeperiod is six months and each succeeding period is six months greaterthan the prece irlg one, but it will be understood that. they may belonger or shorter if desired. 5 y

17 denotes a horizontall row of blank spaces located immediately'beneath the upper row 15 and havin a space in each of the rertcalcolumns o the table adapted to be punched or otherwise markedto'indicate the amount of the principal of the obliga tion, upon whichamount interest is to be paid. Said blank spaces 17 are preferablypunched, as shown at 18, so that no possible change can be made in theamount of the principal of the. obligation and in the illustration,which is a certificate for $156.00, the spaces 17 beneath ,the sums$100.00. $50.00, $5.00, and $1.00 are' punched.

By providing the interest table and designating the amount of the)i'incipal of the obligation thereon, it will be seen that the of anyperiod of six -months may be quickly i ascertained by adding togetherthe different sums of interest appearing in the punched i verticalcolumns opposite the number apg pearing in the vertical column 6 andrepresenting the number of months in question.

For example, in the present illustration the mount -o interest whichwould be due at he expiration of 18 months can be found by addintogether the sums $6.00, $3.00, $.30 and .06..

From the foregoing it will'be seen that the invention provides anegotiable instrument in the nature of a certificate of deposit whichwill bear interest for a predetermined number of years without beingrenewed. It therefore answers the purpose of a savings bank book'and isat the same time a negoi' ti-ablc instrument. making the certiticate sothat different, amounts can be filled in the necessity of the` bankcarrying on hand a plurality of certificates of diti'erent dedate spacesyand amount spaces so'that the date and amount may be punched, it willbe impossible for the certificate to be altered or changed. p v Havingthus described-the invention what is claimed is:

A monetary certificate bearing a principal simi and a table forcomputing the amount of the principal sum and indicating the in` terestthereon for prescribed periods, said table comprising a series ofAfigures, a column having divisions of time, and a series of columns ad]accnt the irst named column i having calculated amounts arranged undersaid figures to indicate the amounts of interest thereon for the periodsof time,'said series of columns being separated from said figures byspaces, whereby the amount Aof the principal sum may be ineradieablymarked upon the certificate and the columns bearing the aggregate amountof interest for any time period thereon indicated by a sin- 4gle'set ofmarks without marking or cradicating any of the ligures ot the table.

In testimony whereof I hereunto atiix my signature in the presence -oftwo witnesses.

HJALMAR A. ANDERSON.

Witnesses:

O. W. Mammal-ix, EMIL SwENsoN.

50 nominations is avoided and by'arranging the l

